Tds
This query is : Resolved
Thamotharan S
(Querist)
09 January 2014
Dear Sir,
Are all payments attracts TDS? i.e. Dr. side of my P&L A/c?
Are all payments attracts TDS? i.e. Dr. side of my P&L A/c?
CA Siddharth Mehra
(Expert)
09 January 2014
no, not all payments attract tds.
only payments the nature of which are defined in the various sections of Income tax under section from 192 to 196, tds is required to be deducted on such payments only
only payments the nature of which are defined in the various sections of Income tax under section from 192 to 196, tds is required to be deducted on such payments only
09 January 2014
Yes agree with expert, major expenses such as Telephone Expenses, Electricity charges etc. doesnt attract TDS.
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